{
}
MicroStrategy's Bitcoin holdings have surpassed 450,000 BTC after a $243 million investment during a market dip, totaling $28.2 billion at an average price of $62,691. This purchase coincided with a significant drop in Bitcoin exchange reserves, potentially signaling a price rally due to diminishing supply.Despite Bitcoin reaching a record high of over $100,000 in December 2024, macroeconomic factors, including strong US labor market data and concerns over the Federal Reserve's tightening monetary policy, have contributed to recent price declines. Other firms, like Semler Scientific, are also capitalizing on the dip, purchasing additional Bitcoin.
Bitcoin experienced significant volatility this week, dropping from a high of over $102,000 to around $94,400, influenced by Federal Reserve signals on interest rates and low unemployment data suggesting inflation. Additionally, a U.S. court approved the sale of over 69,000 Bitcoin seized from the Silk Road, potentially adding sell pressure to the market. Investors also pulled substantial funds from American Bitcoin ETFs, contributing to the cryptocurrency's decline.
Crypto markets are entering a "Banana Singularity," a phase characterized by significant upward price movement, according to Raoul Pal. Following a period of consolidation, he predicts an altcoin season where prices will surge, despite current market corrections. Total market capitalization has risen from $1.8 trillion to $3.4 trillion year-on-year, with Pal emphasizing that as global liquidity increases, cryptocurrencies will follow suit.
Ira Auerbach, former head of digital assets at Nasdaq, has joined Offchain Labs to lead Tandem, the venture capital and partnership division of Arbitrum, focusing on Ethereum scaling. His extensive background in finance and crypto will support selected projects with technical expertise and funding.The Arbitrum Foundation is intensifying its efforts in Asia with the "Road to Devcon" initiative, aiming to engage local developer communities ahead of Devcon 2024 in Bangkok. Meanwhile, Franklin Templeton has launched a blockchain-based money market fund on Arbitrum, highlighting the growing intersection of traditional finance and crypto.
Block, founded by Jack Dorsey, is on track to become the first Bitcoin treasury firm to enter the S&P 500 after meeting the necessary criteria, including a market cap exceeding $18 billion and positive earnings. The decision for inclusion ultimately lies with the S&P Index Committee, which considers various qualitative factors. Currently, Block holds 8,211 BTC valued at over $770 million, reinforcing its commitment to Bitcoin as central to its mission.
Gemini is expanding its presence in Europe by appointing a new leadership team, including Mark Jennings from Kraken and Daniel Slutzkin from Stake, to navigate the region's strict regulatory landscape. This move coincides with the implementation of the EU's MiCA regulations and the UK's upcoming crypto framework, highlighting Gemini's commitment to growth in regulated markets. The firm aims to leverage these developments to enhance its market position, with a focus on trust and innovation in the evolving crypto space.
US stock markets, including the NYSE and Nasdaq, closed on January 9 to observe a National Day of Mourning for former President Jimmy Carter, with the national flag flown at half-staff. Carter's state funeral was held at the Washington National Cathedral, attended by all five living former presidents, honoring his legacy of honesty and kindness amid challenges during his presidency.
President Joe Biden has declared January 9, 2025, a National Day of Mourning for former President Jimmy Carter, leading to the closure of federal offices and the United States Postal Service. While stock markets will be closed, most banks will remain open, and FedEx and UPS are expected to operate normally.
The stock market will close on January 9 in observance of a National Day of Mourning for former President Jimmy Carter, who passed away at 100. His funeral will take place at Washington National Cathedral, followed by a private service in his hometown of Plains, Georgia. President Biden will eulogize Carter, and flags will be flown at half-staff for 30 days in his honor.
A funeral service for former President Jimmy Carter will take place on January 9 in Washington, D.C., following his passing at the age of 100. While stock markets will be closed in observance, bond markets will operate on reduced hours, closing early at 2 p.m. ET. The service will be broadcast across major networks and streamed live by USA TODAY.
Nasdaq 100 Mar 25
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
MicroStrategy boosts Bitcoin holdings to over 450000 amid market dip
14:55 13.01.2025
Bitcoin experiences volatility as US court approves Silk Road asset sale
Heritage Distilling Holding Company, Inc.
Nasdaq 100 Mar 25
GBR
USA
Donald Trump
James Howells
Cynthia Lummis
Show more
17:09 11.01.2025
crypto markets poised for banana singularity as altseason approaches
05:20 10.01.2025
Arbitrum taps former Nasdaq chief to lead venture capital initiatives
United States Dollar
BGC Partners LP
Galaxy Digital Holdings Ltd.
Palantir Technologies Inc.
Franklin Templeton - Franklin M
GEMINI INV
BNP Paribas SA
Silvergate Bank BANK
Nasdaq 100 Mar 25
USA
IDN
Ira Auerbach
Tony Paquette
Ben Reynolds
Show more
04:37 10.01.2025
block aims for s and p 500 inclusion as first bitcoin treasury firm
Block, Inc.
Lululemon Athletica Inc.
MicroStrategy Inc
Coinbase Global, Inc.
VanEck Vietnam ETF
Nasdaq 100 Mar 25
USA
Jack Dorsey
Matthew Sigel
Show more
19:30 09.01.2025
Gemini expands European operations with new leadership amid regulatory changes
Euro
United States Dollar
Kraken Energy Corp.
GEMINI INV
Nasdaq 100 Mar 25
GBR
USA
Mark Jennings
Cameron Winklevoss
Tyler Winklevoss
Daniel Slutzkin
Vijay Selvam
Show more
18:25 09.01.2025
us stock markets close for national day of mourning for jimmy carter
United States Dollar
Nasdaq 100 Mar 25
USA
Jimmy Carter
Gerald Ford
Abraham Lincoln
Donald Trump
Show more
17:39 09.01.2025
national day of mourning for jimmy carter impacts markets banks and mail
14:27 09.01.2025
stock market closes for national day of mourning for jimmy carter
Nasdaq 100 Mar 25
USA
Donald Trump
Savannah Guthrie
Craig Melvin
Martin Luther King Jr.
Abraham Lincoln
Jimmy Carter
Joe Biden
Lester Holt
Show more
13:45 09.01.2025
stock markets close for jimmy carter funeral as nation mourns
12:39 09.01.2025
Trending
Subcategory
Stock Market Updates
Corporate News
Industry Trends
Global Trade Developments
Global Financial Events
Finance Mergers & Acquisitions
Banking Regulations
Retail and Consumer Goods
Startups & Entrepreneurship
Central Bank Actions
Industry Mergers & Acquisitions
Inflation and Monetary Impact
CEO Changes
Market Analysis and Predictions
Government Economic Policies
Government Policies
Domestic Politics
Workplace Trends
GDP Growth & Recession Forecasts
Supply Chain Management
Countries:
Companies:
Barclays PLC
Apple Inc.
JPMorgan Chase & Co.
Tesla, Inc.
Deutsche Bank Money Market PP
Banco Santander, S.A.
The Goldman Sachs Group, Inc.
Berkshire Hathaway Inc.
Credit Suisse Strategic Income I
Lloyds Banking Group plc
SpaceXCoin USD
Amazon.com, Inc.
NVIDIA Corporation
Bank of America Corporation
UBS Group AG
Morgan Stanley
Wells Fargo & Company
BNP Paribas SA
Commerzbank AG
UniCredit S.p.A.
Currencies:
United States Dollar
Euro
British Pound Sterling
Swiss Franc
Japanese Yen
Indian Rupee
Chinese Yuan
Canadian Dollar
Vietnamese Đồng
South Korean Won
Australian Dollar
Thai Baht
New Taiwan Dollar
Singapore Dollar
Indonesian Rupiah
Mexican Peso
Cambodian Riel
Russian Ruble
Hong Kong Dollar
Offshore Chinese Yuan
People:
Donald Trump
Elon Musk
Warren Buffett
JD Vance
Sergio Ermotti
Mark Haefele
Robin Leopold
Olivier Calvet
Troy L Rohrbaugh
Jennifer Piepszak
Karoline Leavitt
Ursula von der Leyen
Alex Kramm
Susan P. Crawford
Scott Bessent
Stacey Friedman
Jeff Bezos
George Saravelos
Francois Xavier Bouvignies
Joseph Spak